Recovery from Covid-19 crisis

The U.S. economy's sharp rebound from the slump of the covid-19 lockdown continues with the non-manufacturing sector roaring back to life in June, according to the ISM non-manufacturing index which was updated on Monday.

July 6,2020

The Pound recovered sharply off June lows against the Dollar last week and a number of analysts say it could have legs to extend its correction higher in the coming days, though appetite for Sterling will be tested by domestic developments multiple times even if global investor risk appetite remains robust. 

July 5,2020

The Dollar caught a breather Friday as stock markets slipped ahead of the weekend ahead of the weekend and selling of the greenback abated from earlier levels with Americans out for the Independence Day public holiday. 

July 4,2020

Dollar losses eased Thursday after the U.S. non-farm payrolls report again surpassed market expectations, with job gains stoking already upbeat sentiment in a buoyant market for risk assets but curtailing an earlier increases by the Pound, Euro and other currencies. 

July 2,2020

The Pound-to-Dollar rate surged Wednesday as Sterling outperformed all but the oil-linked Norwegian Krone although gains reflected the ebb and flow of risk appetite and positioning, rather than a fundamentally positive change in the outlook for the British currency. 

July 1,2020

US Dollar

New technical analysis of the U.S. Dollar shows the currency is at a crossroads where a long-term period of appreciation could be about to either flip over, or resume.

June 29,2020

The Pound-to-Dollar exchange rate toppled into the weekend after an earlier recovery unravelled from Wednesday on, leaving Sterling clutching for support as the Brexit talks resume and safe-haven demand for the greenback picks up on souring risk appetite among investors.

June 28,2020

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